Common use of Preferential Collection of Claims Against the Partnership Clause in Contracts

Preferential Collection of Claims Against the Partnership. The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship listed in Section 311(b) of the Trust Indenture Act. A Trustee who had resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent indicated therein.

Appears in 4 contracts

Samples: Indenture (Valero L P), Subordinated Indenture (Kaneb Pipe Line Operating Partnership Lp), Indenture (Kaneb Pipe Line Operating Partnership Lp)

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Preferential Collection of Claims Against the Partnership. The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship listed described in Section 311(b) of the Trust Indenture Act. A Trustee who had has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent indicated included therein.

Appears in 2 contracts

Samples: Indenture (Suburban Propane Partners Lp), Indenture (Suburban Propane Partners Lp)

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